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First Real Estate Investment (AW9U) Price & Analysis

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AW9U Stock Chart & Stats

S$0.28

S$0.00(0.00%)

At close: Jan 08 4:00 PM EST

S$0.28

S$0.00(0.00%)

Day’s Range― - ―

52-Week RangeS$0.22 - S$0.29

Previous CloseN/A

Volume744.00K

Average Volume (3M)2.06M

Market Cap

S$487.42M

Enterprise ValueS$886.07M

Total Cash (Recent Filing)S$35.62M

Total Debt (Recent Filing)S$461.80M

Price to Earnings (P/E)15.6

Beta0.41

Next Earnings

Jul 23, 2026

EPS EstimateN/A

Next Dividend Ex-DateN/A

Dividend Yield8.26%

Share Statistics

EPS (TTM)0.02

Shares Outstanding2,119,234,100

10 Day Avg. Volume1,171,930

30 Day Avg. Volume2,057,720

Financial Highlights & Ratios

PEG Ratio-0.92

Price to Book (P/B)1.04

Price to Sales (P/S)6.28

P/FCF Ratio13.27

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

S$0.25

Price Target Upside-10.71% Downside

Rating ConsensusModerate Buy

Number of Analyst Covering1

EPS Forecast (FY)0.03

Revenue Forecast (FY)S$81.38M

Bulls Say, Bears Say

Bulls Say

Stable Rental Income ModelFirst Real Estate Investment's core REIT model relies on contracted base rent, built-in escalations and pass-through recoveries. That contract-driven revenue mix provides durable, predictable net property income which supports distributions and planning over a multi-quarter horizon.

Consistent Operating Cash GenerationThe REIT has historically produced positive operating and free cash flow annually, underpinning distribution capacity and debt servicing. Strong cash conversion supports resilience through cycles, funds maintenance capex, and reduces reliance on frequent equity raises in the medium term.

High Property-level ProfitabilityVery high gross and operating margins at the property level indicate efficient asset operations and attractive lease economics. These margins create a buffer against tenant stress and rising operating costs, helping sustain underlying earnings even if headline metrics fluctuate.

Bears Say

Declining Revenue TrendA multi-year revenue decline is a durable negative: lower top-line reduces headroom for margins to absorb cost increases and interest expense. If the trend persists it can erode distributable income and limit the REIT's ability to rehypothecate cash into accretive investments or sustain payouts.

Return To Net Loss In 2025A net loss despite strong property-level results suggests pressure from financing costs, valuation adjustments, or non-cash items. Persisting net losses reduce retained earnings and can strain distributions, limit capital raising options, and weaken stakeholder confidence over the medium term.

Rising Leverage And Weaker EquityIncreasing leverage with declining equity raises refinancing and interest rate sensitivity, especially as cash flow weakened in 2025. Higher debt burdens constrain financial flexibility, raise default/refinancing risk, and limit capacity for acquisitions or proactive balance-sheet repairs.

First Real Estate Investment News

First REIT Seeks Bondholder Consent to Amend S$100m 2027 Notes for Planned Divestments

The latest announcement is out from First Real Estate Investment ( ($SG:AW9U) ). First REIT Management Limited has...

6d ago

First REIT Secures Premium Exit From Indonesian Portfolio and Plans Special Payout

First Real Estate Investment ( ($SG:AW9U) ) has provided an announcement. First REIT has signed definitive agreements to...

19d ago

First REIT to Exit Indonesia Portfolio in S$554 Million Asset Sale

First Real Estate Investment ( ($SG:AW9U) ) has provided an update. First Real Estate Investment Trust has moved...

24d ago

First REIT Hedges 95% of Siloam Divestment Proceeds Against IDR Volatility

An update from First Real Estate Investment ( ($SG:AW9U) ) is now available. First REIT has expanded its...

25d ago

First REIT Moves to Fully Exit Indonesian Portfolio in Premium Divestment

First Real Estate Investment ( ($SG:AW9U) ) has shared an announcement. First REIT has entered into definitive agreements...

26d ago

First REIT Partially Hedges Siloam Divestment to Protect Payouts

First Real Estate Investment ( ($SG:AW9U) ) just unveiled an update. First REIT has entered into deal-contingent non-deliverable...

27d ago

First REIT Publishes AGM Minutes and Prepares Investors for Indonesia Asset Divestment Vote

First Real Estate Investment ( ($SG:AW9U) ) has provided an update. First REIT Management has released the minutes...

1M ago

First REIT Sets Major Indonesia Asset Divestments, Calls Unitholder Dialogue

First Real Estate Investment ( ($SG:AW9U) ) has shared an update. First REIT’s manager has announced a series...

1M ago

First REIT to Exit Indonesia Hospitals in S$471.5m Divestment, Plans Special Payout

The latest announcement is out from First Real Estate Investment ( ($SG:AW9U) ). First Real Estate Investment Trust...

2M ago

First REIT Pays Part of Performance Fee in New Units, Lifting Manager’s Stake

First Real Estate Investment ( ($SG:AW9U) ) has provided an update. First Real Estate Investment Trust has issued...

2M ago

AW9U FAQ

What was First Real Estate Investment Trust’s price range in the past 12 months?

First Real Estate Investment Trust lowest share price was S$0.22 and its highest was S$0.29 in the past 12 months.

What is First Real Estate Investment Trust’s market cap?

First Real Estate Investment Trust’s market cap is S$487.42M.

When is First Real Estate Investment Trust’s upcoming earnings report date?

First Real Estate Investment Trust’s upcoming earnings report date is Jul 23, 2026 which is in 19 days.

How were First Real Estate Investment Trust’s earnings last quarter?

Currently, no data Available

Is First Real Estate Investment Trust overvalued?

According to Wall Street analysts First Real Estate Investment Trust’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does First Real Estate Investment Trust pay dividends?

First Real Estate Investment Trust pays a Quarterly dividend of S$0.005 which represents an annual dividend yield of 8.26%. See more information on First Real Estate Investment Trust dividends here

What is First Real Estate Investment Trust’s EPS estimate?

First Real Estate Investment Trust’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does First Real Estate Investment Trust have?

First Real Estate Investment Trust has 2,119,234,100 shares outstanding.

What happened to First Real Estate Investment Trust’s price movement after its last earnings report?

Currently, no data Available

Which hedge fund is a major shareholder of First Real Estate Investment Trust?

Currently, no hedge funds are holding shares in SG:AW9U

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

First Real Estate Investment Trust

First Real Estate Investment Trust (First REIT) is an investment trust established through a Trust Deed on October 19, 2006. It was initially formed with First REIT Management Limited (formerly Bowsprit Capital Corporation Limited) acting as the Manager and HSBC Institutional Trust Services (Singapore) Limited as the Trustee. The trust commenced trading on the Singapore Exchange Securities Trading Limited on December 11, 2006. Subsequently, on March 1, 2018, Perpetual (Asia) Limited assumed the role of Trustee, succeeding HSBC Institutional Trust Services (Singapore) Limited. As Singapore's inaugural healthcare-focused real estate investment trust, First REIT's mandate is to acquire and manage a diverse portfolio of income-generating real estate and related assets across Asia, primarily dedicated to healthcare or healthcare-related uses. Its portfolio, overseen by First REIT Management Limited, currently encompasses 20 properties spread across Indonesia, Singapore, and South Korea. These assets include a mix of hospitals (like the Siloam Hospitals chain), nursing homes, hospitality properties (such as The Imperial Aryaduta Hotel & Country Club), and retail components (like Lippo Plaza). Operationally, Indonesian hospital assets are managed by PT Siloam International Hospitals Tbk, a highly reputable healthcare provider and a subsidiary of PT Lippo Karawaci Tbk. The hospitality components, including The Imperial Aryaduta Hotel & Country Club and Hotel Aryaduta Manado, are under The Aryaduta Hotel and Resort Group, while retail centers such as Lippo Plaza Kupang and Lippo Plaza Buton are overseen by PT Lippo Malls Indonesia. In Singapore, Pacific Healthcare Nursing Home Pte. Ltd. and Pacific Eldercare and Nursing Pte. Ltd. manage the nursing homes at Bukit Merah and Bukit Panjang, respectively, with The Lentor Residence operated by The Lentor Residence Pte. Ltd. Sarang Hospital in South Korea is operated by an independent medical practitioner. Investing in First REIT provides exposure to Asia's expanding healthcare sector, a market poised for significant growth due to increasing life expectancy across Indonesia and the broader Southeast Asian region.

First Real Estate Investment (AW9U) Earnings & Revenues

Historic Earnings Reports

AW9U Stock 12 Month Forecast

Average Price Target

S$0.25

▼(-10.71% Downside)

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Detailed Analyst Forecast >